The Extent of Compatibility of Risk Management Systems in Algerian Economic Institutions with the Enterprise Risk Management Framework Integration with Strategy and Performance COSO 2017

A Field Study of a Group of Algerian Economic Enterprises

Abstract

The study aimed to determine the extent of compatibility of risk management systems in
Algerian economic Enterprises with the ERM Framework - Integration with Strategy and
Performance COSO 2017, by conducting a field study on the availability of the components of this
framework in a group of economic enterprise. The study included the opinions of 120 workers in
these enterprises. In this study, the descriptive and analytical approach was used, and the statistical
package SPSS program was used to analyze the data, relying on appropriate analytical tools,
including one sample test, to test the hypotheses. The study reached a number of results, the most
prominent of which is that the ERM in Algerian economic enterprises has the same components as
COSO ERM 2017, but to varying degrees, especially with regard to governance, culture, risk
appetite, reliance on clear strategies to deal with risks, and the extent of reliance on internal
auditing and appropriate disclosure in Ensuring the effectiveness of risk management processes.
The study also presented some recommendations, the most important of which are ensuring
compliance and giving auditing and reviewing a prominent role in risk management processes and
the necessity of paying attention to the human element.